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Tuesday, December 5, 2023

Are Things Looking Up For Primo Water Corporation (NYSE: PRMW)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Primo Water Corporation (PRMW) shows that investor sentiment remained same, with the stock’s consolidated last price to $14.77. The Primo Water Corporation has recorded 38,660 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted PRIMO WATER ANNOUNCES STRONG THIRD QUARTER 2023 RESULTS AND INCREASES ANNUAL ADJUSTED FREE CASH FLOW GUIDANCE.

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Stocks Info

The company is listed on the NYSE and operates within the Beverages – Non-Alcoholic industry segment. At the end of the last regular session, the stock closed at $14.77 and fluctuated between $15.07 as its day high and $14.40 as its day low. The current market capitalization of Primo Water Corporation is $2.35B. A total of 2.57 million shares were traded on the day, compared to an average of 990.75K shares.

In the most recent transaction, FOWDEN JEREMY S G sold 47,630 shares of PRMW for 16.01 per share on Feb 08. After the transaction, the Director now owns 1,268,770 company shares. In a previous transaction on Jan 09, FOWDEN JEREMY S G sold 90,463 shares at 16.12 per share. PRMW shares that Director owns now total 1,268,770.

Among the insiders who sold shares, FOWDEN JEREMY S G disposed of 3,760 shares on Jan 06 at a per-share price of $16.00. This resulted in the Director holding 1,268,770 shares of PRMW after the transaction.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Primo Water Corporation pays an annual dividend of $0.32, resulting in a dividend yield of 2.17%, and it has a price to earnings (P/E) ratio of 20.10. PRMW’s most recent ex-dividend date was 11/20/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 12/1/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/23/2023. The PRMW stock dividend was $0.08 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PRMW in the last 3 months, the mean price target is $19.64 with high estimates of $26.00 and low estimates of $15.00. In terms of 52-week highs and lows, PRMW has a high of $16.47 and a low of $12.27.

As of this writing, PRMW has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.24. The company reported an EPS of $0.09 in the last quarter, which was 12.50% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PRMW’s latest balance sheet shows that the firm has $128.40M in Cash & Short Term Investments as of fiscal 2021. There were $1.74B in debt and $709.80M in liabilities at the time. Its Book Value Per Share was $8.10, while its Total Shareholder’s Equity was $1.32B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRMW is Buy with a score of 4.60.

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